Price for Mollusc Preparations; Octopus, Prepared or Preserved in South Korea - 2022
Contents:
- Price for Mollusc Preparations; Octopus, Prepared or Preserved in South Korea (CIF) - 2022
- Price for Mollusc Preparations; Octopus, Prepared or Preserved in South Korea (FOB) - 2022
- Imports of Mollusc Preparations; Octopus, Prepared or Preserved in South Korea
- Exports of Mollusc Preparations; Octopus, Prepared or Preserved in South Korea
Price for Mollusc Preparations; Octopus, Prepared or Preserved in South Korea (CIF) - 2022
The average import price for mollusc preparations; octopus, prepared or preserveds stood at $7,184 per ton in December 2022, dropping by -3.2% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2022 an increase of 16% against the previous month. The import price peaked at $7,811 per ton in July 2022; however, from August 2022 to December 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($14,323 per ton), while the price for China ($6,056 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Japan (-0.2%), while the prices for the other major suppliers experienced a decline.
Price for Mollusc Preparations; Octopus, Prepared or Preserved in South Korea (FOB) - 2022
In December 2022, the average export price for mollusc preparations; octopus, prepared or preserveds amounted to $11,735 per ton, growing by 16% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2022 when the average export price increased by 30% against the previous month. As a result, the export price attained the peak level of $13,838 per ton. From March 2022 to December 2022, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was Hong Kong SAR ($17,088 per ton), while the average price for exports to Japan ($9,973 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mollusc Preparations; Octopus, Prepared or Preserved in South Korea
In 2022, imports of mollusc preparations; octopus, prepared or preserveds into South Korea shrank to 5.8K tons, declining by -10.3% on 2021 figures. Over the period under review, imports recorded a slight reduction. The pace of growth was the most pronounced in 2021 with an increase of 8.8% against the previous year. As a result, imports attained the peak of 6.5K tons, and then dropped in the following year.
In value terms, imports of mollusc preparations; octopus, prepared or preserveds shrank to $41M in 2022. In general, imports showed a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 12%.
| Import of Mollusc Preparations; Octopus, Prepared or Preserved in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 35.7 | 32.8 | 36.0 | 32.8 | -2.8% |
| Vietnam | 5.9 | 4.4 | 6.0 | 7.0 | 5.9% |
| Philippines | 2.0 | 1.4 | 1.3 | 0.8 | -26.3% |
| Others | 0.4 | 0.2 | 0.3 | 0.6 | 14.5% |
| Total | 44.0 | 38.8 | 43.6 | 41.2 | -2.2% |
Top Suppliers of Mollusc Preparations; Octopus, Prepared or Preserved to South Korea in 2022:
- China (5.2K tons)
- Vietnam (0.5K tons)
- Philippines (0.1K tons)
Exports of Mollusc Preparations; Octopus, Prepared or Preserved in South Korea
In 2022, exports of mollusc preparations; octopus, prepared or preserveds from South Korea fell dramatically to 94 tons, waning by -36.2% on the previous year. Overall, exports showed a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 74%.
In value terms, exports of mollusc preparations; octopus, prepared or preserveds contracted remarkably to $1.1M in 2022. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year.
| Export of Mollusc Preparations; Octopus, Prepared or Preserved in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,288 | 449 | 588 | 386 | -33.1% |
| Japan | 129 | 118 | 373 | 287 | 30.5% |
| Hong Kong SAR | 37.1 | 78.9 | 154 | 81.9 | 30.2% |
| Australia | 45.4 | 65.1 | 143 | 74.2 | 17.8% |
| Singapore | 36.7 | 113 | 141 | 49.0 | 10.1% |
| New Zealand | 62.5 | 37.9 | 42.1 | 46.9 | -9.1% |
| China | 97.5 | 49.3 | 46.7 | 41.1 | -25.0% |
| Thailand | 168 | 86.9 | 65.8 | 36.0 | -40.2% |
| Others | 114 | 94.4 | 165 | 92.6 | -6.7% |
| Total | 1,978 | 1,092 | 1,721 | 1,095 | -17.9% |
Top Export Markets for Mollusc Preparations; Octopus, Prepared or Preserved from South Korea in 2022:
- Japan (32.1 tons)
- United States (26.4 tons)
- China (8.0 tons)
- Australia (6.2 tons)
- Hong Kong SAR (5.2 tons)
- Singapore (3.6 tons)
- New Zealand (3.0 tons)
- Thailand (2.5 tons)
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